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Fair Value Accounting and Measurement (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Financial Assets And Liabilities Accounted For Fair Value On Recurring Basis
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2013 and 2012 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
 
 
Fair value  at
December 31, 2013
 
Fair Value Measurements at Reporting Date Using
 
 
Level 1
 
Level 2
 
Level 3
 
 
(in thousands)
Assets
 
 
 
 
 
 
 
 
Securities available for sale
 
 
 
 
 
 
 
 
U.S. government agency and sponsored enterprise mortgage-back securities and collateralized mortgage obligations
 
$
948,408

 
$

 
$
948,408

 
$

State and municipal securities
 
364,470

 

 
364,470

 

U.S. government agency and government-sponsored enterprise securities
 
326,039

 

 
326,039

 

U.S. government securities
 
20,114

 
20,114

 

 

Other securities
 
5,080

 

 
5,080

 

Total securities available for sale
 
$
1,664,111

 
$
20,114

 
$
1,643,997

 
$

Other assets (Interest rate contracts)
 
$
9,044

 
$

 
$
9,044

 
$

Liabilities
 
 
 
 
 
 
 
 
Other liabilities (Interest rate contracts)
 
$
9,044

 
$

 
$
9,044

 
$

 
 
Fair value  at
December 31, 2012
 
Fair Value Measurements at Reporting Date Using
 
 
Level 1
 
Level 2
 
Level 3
 
 
(in thousands)
Assets
 
 
 
 
 
 
 
 
Securities available for sale
 
 
 
 
 
 
 
 
U.S. government agency and sponsored enterprise mortgage-back securities and collateralized mortgage obligations
 
$
572,369

 
$

 
$
572,369

 
$

State and municipal debt securities
 
285,575

 

 
285,575

 

U.S. government agency and government-sponsored enterprise securities
 
120,501

 

 
120,501

 

U.S. government securities
 
19,828

 
19,828

 

 

Other securities
 
3,392

 

 
3,392

 

Total securities available for sale
 
$
1,001,665

 
$
19,828

 
$
981,837

 
$

Other assets (Interest rate contracts)
 
$
14,921

 
$

 
$
14,921

 
$

Liabilities
 
 
 
 
 
 
 
 
Other liabilities (Interest rate contracts)
 
$
14,921

 
$

 
$
14,921

 
$

Financial Assets Accounted For Fair Value On Nonrecurring Basis
The following table sets forth the Company’s assets that were measured using fair value estimates on a nonrecurring basis at December 31, 2013 and 2012:
 
 
Fair value  at
December 31, 2013
 
Fair Value Measurements at Reporting Date Using
 
Losses During the Year Ended
December 31, 2013
 
 
Level 1
 
Level 2
 
Level 3
 
 
 
(in thousands)
Impaired loans
 
$
8,973

 
$

 
$

 
$
8,973

 
$
1,536

Noncovered OREO
 
5,080

 

 

 
5,080

 
994

Covered OREO
 
613

 

 

 
613

 
236

 
 
$
14,666

 
$

 
$

 
$
14,666

 
$
2,766

 
 
Fair value  at
December 31, 2012
 
Fair Value Measurements at Reporting Date Using
 
Losses During the Year Ended
December 31, 2012
 
 
Level 1
 
Level 2
 
Level 3
 
 
 
(in thousands)
Impaired loans
 
$
10,599

 
$

 
$

 
$
10,599

 
$
3,891

Noncovered OREO
 
10,970

 

 

 
10,970

 
3,788

Covered OREO
 
2,663

 

 

 
2,663

 
1,032

Noncovered OPPO
 
210

 

 

 
210

 
39

 
 
$
24,442

 
$

 
$

 
$
24,442

 
$
8,750

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
The range and weighted-average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets during 2013 and 2012, along with the valuation techniques used, are shown in the following tables:
 
 
Fair value  at
December 31, 2013
 
Valuation Technique
 
Unobservable Input
 
Range (Weighted Average) (1)
 
 
(dollars in thousands)
Impaired loans
 
$
8,973

 
Fair Market Value of Collateral
 
Adjustment to Appraisal Value
 
N/A (2)
Noncovered OREO
 
5,080

 
Fair Market Value of Collateral
 
Adjustment to Appraisal Value
 
N/A (2)
Covered OREO
 
613

 
Fair Market Value of Collateral
 
Adjustment to Appraisal Value
 
N/A (2)
(1) Discount applied to appraisal value, letter of intent to purchase, or stated value (in the case of accounts receivable and inventory).
(2) Quantitative disclosures are not provided for impaired loans, noncovered OREO and covered OREO because there were no adjustments made to the appraisal value during the current period.
Fair Value, by Balance Sheet Grouping
The following tables summarize carrying amounts and estimated fair values of selected financial instruments for the periods indicated:
 
 
 
December 31,
2013
 
 
Carrying
Amount
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
 
(in thousands)
Assets
 
 
 
 
 
 
 
 
 
 
Cash and due from banks
 
$
165,030

 
$
165,030

 
$
165,030

 
$

 
$

Interest-earning deposits with banks
 
14,531

 
14,531

 
14,531

 

 

Securities available for sale
 
1,664,111

 
1,664,111

 
20,114

 
1,643,997

 

FHLB stock
 
32,529

 
32,529

 

 
32,529

 

Loans held for sale
 
735

 
735

 

 
735

 

Loans
 
4,444,842

 
4,605,038

 

 

 
4,605,038

FDIC loss-sharing asset
 
39,846

 
11,248

 

 

 
11,248

Interest rate contracts
 
9,044

 
9,044

 

 
9,044

 

Liabilities
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
5,959,475

 
$
5,958,747

 
$
5,449,546

 
$
509,201

 
$

FHLB advances
 
36,606

 
35,080

 

 
35,080

 

Repurchase agreements
 
25,000

 
26,361

 

 
26,361

 

Interest rate contracts
 
9,044

 
9,044

 

 
9,044

 


 
 
December 31,
2012
 
 
Carrying
Amount
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
 
(in thousands)
Assets
 
 
 
 
 
 
 
 
 
 
Cash and due from banks
 
$
124,573

 
$
124,573

 
$
124,573

 
$

 
$

Interest-earning deposits with banks
 
389,353

 
389,353

 
389,353

 

 

Securities available for sale
 
1,001,665

 
1,001,665

 
19,828

 
981,837

 

FHLB stock
 
21,819

 
21,819

 

 
21,819

 

Loans held for sale
 
2,563

 
2,563

 

 
2,563

 

Loans
 
2,864,803

 
2,944,317

 

 

 
2,944,317

FDIC loss-sharing asset
 
96,354

 
26,543

 

 

 
26,543

Interest rate contracts
 
14,921

 
14,921

 

 
14,921

 

Liabilities
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
4,042,085

 
$
4,043,221

 
$
3,549,821

 
$
493,400

 
$

FHLB advances
 
6,644

 
5,894

 

 
5,894

 

Repurchase agreements
 
25,000

 
26,464

 

 
26,464

 

Interest rate contracts
 
14,921

 
14,921

 

 
14,921